November 28, 2022

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UN Global Compact launches Africa Business Leaders Coalition to advance climate action and sustainable growth across the continent

The Africa Business Leaders Coalition provides alongside one another CEOs from throughout the continent to progress Africa’s sustainable progress, prosperity and improvement

New York, U.S.A., May well 31, 2022 (Globe NEWSWIRE) — Convened by the UN World-wide Compact, Chief Government Officers from throughout Africa these days announced the launch of the Africa Company Leaders Coalition (ABLC).

The Coalition will offer a system for African business enterprise leaders to have a unified personal sector voice as they actively and meaningfully engage to function on the continent’s most urgent difficulties by way of an structured, forward-hunting, principles-dependent method.

The Africa Business Leaders Coalition is a CEO-led initiative emanating from the UN World wide Compact Africa Approach 2021–2023, and is dedicated to advancing sustainable expansion, prosperity and enhancement in Africa by bringing measurable impression to its most urgent problems. The ABLC will work carefully with the UN International Compact Hub in Abuja and 10 Worldwide Compact Neighborhood Networks operating across Africa.

In advance of COP27 to be held in Egypt in November 2022, the ABLC will emphasis its attempts on sustainable enhancement and bold local climate action by bringing the views of dozens of foremost African CEOs and Board Chairs into the global dialogue. This will culminate in an ABLC Local climate Assertion in support of COP27, anchored in the objectives of the Paris Agreement, the Sustainable Growth Targets and the UN World Compact Ten Principles. ABLC users will be invited to indication on and announce credible commitments and actions by way of this Weather Assertion.

Welcoming the founding customers of the Africa Business Leaders Coalition, UN Deputy Secretary-General Amina Mohammed urged them to use their affect to generate change throughout the continent.  “This is  an prospect to establish a holistic dialogue to reconcile the development needs of the continent with the will need for ambitious weather motion, jumpstart the renewable vitality transition, and create resilience across the continent,” she said.

Launching the ABLC, Assistant Secretary-Common and CEO of the UN World Compact Sanda Ojiambo claimed: “Climate change provides a $3 trillion financial investment possibility in Africa by 2030. But this likely will not be recognized unless the private sector is included. This Coalition has a crucial job to participate in in ensuring the voice of Africa’s private sector is heard on the international stage to be certain the continent’s growth is not only sustainable but also green.”

The 11 founding associates of ABLC include Herbert Wigwe, CEO, Obtain Financial institution, Nigeria Brahim Benjelloun Touimi, Chairman, Lender of Africa, Morocco Hichem Elloumi, Chairman and CEO, COFICAB Try Masiyiwa, Founder and Executive Chairman, Econet Wi-fi, Zimbabwe James Mwangi, CEO and Running Director, Fairness Team, Kenya Karim Bernoussi, CEO, Intelcia Group, Morocco Phuthi​ Mahanyele-Dabengwa, CEO, Naspers, South Africa Yasmine Mohamed Farid Khamis, CEO and Chairman, Oriental Weavers Carpets Co., Egypt Peter Ndegwa, CEO, Safaricom, Kenya Fleetwood Grobler, President and CEO, Sasol, South Africa and Amir Barsoum, Founder and CEO, Vezeeta, Egypt.

Customers of the ABLC commit to upholding the Ten Ideas of the UN World-wide Compact and becoming a UN World wide Compact participant in just 6 months of becoming a member of.

In the course of today’s  start, the founding members shared their motivation to sustainability throughout the continent, concentrating on prospective business commitments, the sustainability efforts they are earning across their communities, a transfer in direction of a lot more impressive and robust solutions of local weather finance, and a phone to action for the international local community.

The virtual start party was also attended by leaders from the United Nations, including Abdulla Shahid, President of the United Nations Typical Assembly Collen Vixen Kelapile, President, United Nations Financial and Social Council Amina Mohammed, Deputy Secretary-Basic, United Nations Cristina Duarte, Less than Secretary-Typical and Specific Adviser on Africa to the UN Secretary-Normal and Sanda Ojiambo, Assistant Secretary-Standard and CEO of the UN World-wide Compact. They  joined collectively right now to launch the ABLC with Dr. Mahmoud Mohieldin, UN Climate Modify Significant-level Weather Champion for Egypt.

Boston Consulting Group is giving tactic and implementation aid to the UN World-wide Compact for the Africa Organization Leaders Coalition.  Today’s inaugural  assembly was Chaired by Sanda Ojiambo with guidance from Patrick Dupoux, Handling Director, Senior Companion, and Head of Africa, BCG.

Today’s  start will be adopted by six regional roundtable meetings in Abidjan, Cairo, Casablanca, Johannesburg, Lagos and Nairobi in June and July to go over, condition and mobilize principled and sustainable business in Africa.

About the United Nations World wide Compact

As a special initiative of the UN Secretary-General, the United Nations Global Compact is a get in touch with to firms just about everywhere to align their functions and techniques with Ten Ideas in the places of human rights, labour, environment and anti-corruption. Our ambition is to speed up and scale the worldwide collective influence of business by upholding the Ten Principles and delivering the Sustainable Development Goals by way of accountable companies and ecosystems that allow alter. With more than 15,000 providers and 3,000 non-small business signatories based in in excess of 160 nations around the world, and 69 Regional Networks, the UN Worldwide Compact is the world’s premier corporate sustainability initiative — a single World wide Compact uniting organization for a much better globe.

For extra information, follow @globalcompact on social media and visit our web-site at unglobalcompact.org and Africa Organization Leaders Coalition | UN Global Compact

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